FBR & Co Comments on Hallador Energy Co.’s FY2017 Earnings (HNRG)

Hallador Energy Co. (NASDAQ:HNRG) – Research analysts at FBR & Co reduced their FY2017 earnings per share estimates for Hallador Energy in a report released on Wednesday. FBR & Co analyst L. Pipes now expects that the firm will post earnings of $0.31 per share for the year, down from their previous forecast of $0.33. FBR & Co has a “Outperform” rating and a $12.00 price target on the stock.

Separately, Zacks Investment Research raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 target price on the stock in a report on Thursday, August 11th.

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Shares of Hallador Energy (NASDAQ:HNRG) opened at 9.11 on Monday. Hallador Energy has a 12 month low of $3.95 and a 12 month high of $10.40. The firm’s 50-day moving average is $8.75 and its 200 day moving average is $6.35. The stock has a market cap of $266.63 million, a PE ratio of 16.04 and a beta of -0.21.

The business also recently announced a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, October 31st were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Thursday, October 27th. Hallador Energy’s dividend payout ratio (DPR) is presently 28.57%.

In other news, insider Brent K. Bilsland sold 123,586 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $7.12, for a total value of $879,932.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 55.66% of the stock is currently owned by insiders.

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Several institutional investors have recently added to or reduced their stakes in HNRG. Chartwell Investment Partners LLC bought a new position in Hallador Energy during the second quarter valued at approximately $3,217,000. Acadian Asset Management LLC boosted its stake in shares of Hallador Energy by 76.9% in the third quarter. Acadian Asset Management LLC now owns 1,132,813 shares of the company’s stock valued at $8,929,000 after buying an additional 492,337 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Hallador Energy during the second quarter valued at $497,000. Morgan Stanley boosted its stake in shares of Hallador Energy by 62.3% in the third quarter. Morgan Stanley now owns 240,027 shares of the company’s stock valued at $1,891,000 after buying an additional 92,096 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Hallador Energy during the second quarter valued at $373,000. 49.97% of the stock is currently owned by hedge funds and other institutional investors.

About Hallador Energy

Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.